Seems to me that if the technology actually was sound, it would have been been picked up by other teams, and especially pushed by the tire manufacturers, who, let's face it, could sell MORE racing tires!) and not relegated to the F1 dustbin.
For all the supposed "benefits" of the setup, what about the increased complexity (more parts to break during a race), the added weight (when you're counting speed to the 100th of a second every ounce counts), etc.
Kind of reminds me of the Reeves "Octo Auto," which also didn't last...
As we always hear, automotive technology is often discovered/tested/proven on the race course before it ever hits the consumer market. The fact that this fad came and went in a relative blink of an eye speaks volumes. Still, an interesting oddball footnote in racing history, and a pretty unique model.